Agnico Eagle Mines Limited (NYSE:AEM) Receives $136.90 Average PT from Analysts

Key Points

• Agnico Eagle Mines Limited has received a consensus recommendation of "Buy" from 15 research firms, with a majority rating of buy or strong buy.
• The company's stock price target has an average of $136.90, with recent adjustments including Bank of America increasing their target from $170.00 to $173.00.
• Agnico Eagle Mines reported $1.94 earnings per share in its last quarterly announcement, exceeding the consensus estimate by $0.11 and reflecting a 35.6% year-over-year revenue growth.

Shares of Agnico Eagle Mines Limited (NYSE:AEM - Get Free Report) TSE: AEM have earned an average recommendation of "Buy" from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and five have given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $141.40.

AEM has been the subject of a number of recent analyst reports. National Bankshares restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, June 24th. CIBC restated an "outperform" rating on shares of Agnico Eagle Mines in a report on Tuesday, July 15th. Zacks Research downgraded shares of Agnico Eagle Mines from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. UBS Group raised their price target on shares of Agnico Eagle Mines from $125.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday. Finally, Royal Bank Of Canada lifted their target price on shares of Agnico Eagle Mines from $115.00 to $145.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th.

Institutional Trading of Agnico Eagle Mines

Institutional investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at approximately $25,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Agnico Eagle Mines in the 1st quarter valued at approximately $26,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Agnico Eagle Mines in the 1st quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines in the 2nd quarter valued at approximately $29,000. Finally, City State Bank increased its holdings in Agnico Eagle Mines by 69.2% in the 2nd quarter. City State Bank now owns 269 shares of the mining company's stock valued at $32,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 68.34% of the company's stock.

Agnico Eagle Mines Price Performance

Agnico Eagle Mines stock traded up $6.91 during midday trading on Tuesday, reaching $161.29. The company had a trading volume of 9,137,369 shares, compared to its average volume of 2,721,813. The company has a market capitalization of $81.10 billion, a P/E ratio of 27.43, a P/E/G ratio of 1.04 and a beta of 0.45. Agnico Eagle Mines has a 12-month low of $75.17 and a 12-month high of $162.53. The firm's fifty day simple moving average is $136.93 and its 200-day simple moving average is $121.70. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 1.16.

Agnico Eagle Mines (NYSE:AEM - Get Free Report) TSE: AEM last released its quarterly earnings data on Wednesday, July 30th. The mining company reported $1.94 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.11. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.46 billion. Agnico Eagle Mines had a net margin of 30.63% and a return on equity of 13.79%. Agnico Eagle Mines's quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. As a group, equities analysts anticipate that Agnico Eagle Mines will post 4.63 EPS for the current year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.